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Regulatory Influencer: UK Regulators Refine Operational Resilience for Critical Third Parties

The Bank of England, Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have unveiled the finalised framework for operational resilience of critical third parties (CTPs) within the UK financial sector. 

Published in Policy Statement PS16/24, the framework establishes clear guidelines for the management and oversight of third-party services crucial to the financial system. The initiative follows extensive consultation and addresses risks tied to the growing reliance on third-party service providers.

VIXIO’s articles are included in the suite of GamblingCompliance and PaymentsCompliance products. We do not provide access to individual articles on an ad-hoc basis. If you are interested in the VIXIO service, please get in touch or request a demo.
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